Question:
Y and Z are partners in a firm. If W is admitted as a new partner, what will happen?
Y and Z are partners in a firm. If W is admitted as a new partner, what will happen?
Updated On: Sep 23, 2024
- Old firm is dissolved
- Old partnership is reconstituted
- Old firm and Old partnership is dissolved
- Old firm assets realised
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The Correct Option is B
Solution and Explanation
The correct option is (B) : Old partnership is reconstituted
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